Take 5 Oil Change Franchise FDD, Profits, & Costs (2025)
Take 5 Oil Change was founded in 1984 and is headquartered in Charlotte, North Carolina. Known for its quick and convenient oil change services, Take 5 allows customers to stay in their cars while getting an oil change.
The franchise began expanding through franchising in 2016, rapidly growing its footprint across the United States. Take 5 Oil Change differentiates itself by offering a fast, friendly, and simple service that typically takes just 10 minutes.
This efficient model not only saves customers time but also includes additional perks such as free tire checks and fluid top-offs, enhancing overall customer satisfaction. This unique approach has positioned Take 5 as a leader in the quick oil change industry.
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Initial Investment
How much does it cost to start a Take 5 Oil Change franchise? It costs on average between $223,000 – $1,617,000 to start a Take 5 Oil Change franchised location.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of facility you choose, the location, and whether the franchisee chooses to lease or purchase the property. Take 5 Oil Change offers 2 types of franchises:
| Type Of Expenditure | New Center Amount | Conversion Center Amount |
|---|---|---|
| Initial Franchise Fee | $35,000 | $35,000 |
| Building Work | $235,000 – $485,000 | $20,000 – $250,000 |
| General Site Work | $175,000 – $440,000 | $0 – $120,000 |
| General Conditions and Fees | $70,000 – $224,000 | $0 – $40,000 |
| Due Diligence, Permits, Design and Plans | $40,000 – $180,000 | $0 – $55,000 |
| FF&E and Marketing Package | $31,794 – $40,185 | $4,794 – $53,185 |
| Software Installation Fee | $3,000 | $3,000 |
| Used Oil System | $7,000 – $15,000 | $0 – $15,000 |
| Signage | $25,000 – $40,000 | $22,500 – $35,000 |
| Opening Inventory | $23,000 – $35,000 | $23,000 – $35,000 |
| 3 Months’ Rent and Security Deposit | $20,000 | $20,000 |
| Training Fees, Salaries and Expenses During Training | $15,000 – $20,000 | $15,000 – $20,000 |
| Grand Opening Advertising and Marketing | $20,000 | $20,000 |
| Insurance | $7,500 | $7,500 |
| Additional Funds – 3 Months | $52,000 | $52,000 |
| TOTAL (excluding real estate costs) | $759,294 – $1,616,685 | $222,794 – $760,685 |
Average Revenue (AUV)
How much revenue can you make with a Take 5 Oil Change franchise? A Take 5 Oil Change franchised facility makes on average $1,285,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $1,010,000 yearly revenue for similar oil change franchises. Below are 10 Take 5 Oil Change competitors as a comparison:
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Take 5 Oil Change Franchise Disclosure Document
Frequently Asked Questions
How many Take 5 Oil Change locations are there?
As of the latest available information, Take 5 Oil Change operates over 600 locations across the United States. This number continues to grow as the franchise expands into new markets. For the most accurate and up-to-date figures, it’s best to check the company’s official website or recent press releases.
What is the total investment required to open a Take 5 Oil Change franchise?
The total investment required to open a Take 5 Oil Change franchise ranges from $223,000 to $1,617,000.
What are the ongoing fees for a Take 5 Oil Change franchise?
Take 5 Oil Change franchisees are required to pay a 5% royalty fee on gross sales. Additionally, there is a marketing and advertising fee of approximately 2% of gross sales, which supports both national and local marketing efforts to enhance brand visibility and attract customers.
What are the financial requirements to become a Take 5 Oil Change franchisee?
To qualify as a Take 5 Oil Change franchisee, you need a minimum net worth of $500,000 and at least $100,000 in liquid assets. These financial requirements ensure that franchisees have the resources necessary to operate their business successfully.
How much can a Take 5 Oil Change franchise owner expect to earn?
The average gross sales for a Take 5 Oil Change franchise are approximately $1.29 million per location. Assuming a 15% operating profit margin, $1.29 million yearly revenue can result in $145,500 EBITDA annually.
Who owns Take 5 Oil Change?
Take 5 Oil Change is owned by Driven Brands, Inc., a leading automotive services company. Driven Brands acquired Take 5 Oil Change in 2020, further expanding its portfolio of automotive service brands.
Disclaimer
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